So boil is back in the buy zone of sub 0.08p, but things are starting to heat up. 3p is entirely achievable on a successful drill and subsequent sale of Chuditch. People need to understand that this could take at least until Q2/3 next year at the earliest IMO. There would be plenty of opportunities to cash in at lower levels before then. Key SP drivers could be 1. The announcement of drill funding or JV 2. A breakthrough in Greater Sunrise negotiations 3. Announcement of funding for Beaco LNG plant 4. Green light for FLNG at Chuditch 5. Announcement of spudding of Chuditch well 6. Successful drill and flow tests 7. Any hint of interest by a major
All of the above would see significant rises, and would generate huge volumes and volatility. It will be a bumpy ride but plenty of opportunities to jump off if you don’t want to wait till the final destination.
Submitted February 13, 2024 at 08:01PM by mrbbnok https://ift.tt/aXpZqjL
